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Which of the following statements about the payback period is true? The payback period considers cash flows after the payback has been reached. The payback
Which of the following statements about the "payback period" is true?
The payback period considers cash flows after the payback has been reached.
The payback period does not consider the time value of money.
The payback period uses discounted cash-flow techniques.
The payback period generally leads to the same decision as other investment selection methods.
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